Neuberger Berman Real Estate Securities Income Fund Inc. to Issue Monthly Dividend of $0.03 (NYSEAMERICAN:NRO)

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) declared a monthly dividend on Wednesday, October 2nd, Wall Street Journal reports. Investors of record on Tuesday, October 15th will be paid a dividend of 0.0312 per share on Thursday, October 31st. This represents a $0.37 dividend on an annualized basis and a yield of 9.13%. The ex-dividend date is Tuesday, October 15th.

Neuberger Berman Real Estate Securities Income Fund has decreased its dividend payment by an average of 8.0% annually over the last three years.

Neuberger Berman Real Estate Securities Income Fund Stock Performance

Shares of NYSEAMERICAN:NRO traded down $0.03 during trading on Wednesday, hitting $4.10. 110,153 shares of the company were exchanged, compared to its average volume of 165,112. Neuberger Berman Real Estate Securities Income Fund has a 12-month low of $2.51 and a 12-month high of $4.15.

About Neuberger Berman Real Estate Securities Income Fund

Neuberger Berman Real Estate Securities Income Fund, Inc is a closed-ended equity mutual fund launched and managed by Neuberger Berman LLC. It is co-managed by Neuberger Berman Management LLC. The fund invests in the public equity markets of the United States. It typically invests in stocks of companies operating in the real estate sector including real estate investment trusts.